‘Bullish for the best of the best’

Classic Car Weekly (UK) - - This Week - JOHN MAYHEAD UK HAGERTY PRICE GUIDE ED­I­TOR

‘In gen­eral, the clas­sic car mar­ket was less volatile in 2016 than many ex­pected. De­spite global un­cer­tainty, peo­ple were still buy­ing clas­sic cars and the Hagerty Price Guide showed an over­all 1.8 per cent growth in the last quar­ter.

‘ That said, some model val­ues may have peaked. Range-top­ping Ford Capris such as the 2.8i MkIII rose dra­mat­i­cally in value last year – a 17 per cent in­crease was recorded in Q2 – but val­ues have now sta­bilised. Sim­i­larly, the DeLorean DMC-12 rose by over eight per cent in late 2015, but a year later we re­ported that val­ues had dropped by 3.5 per cent.

‘ The cars now in­creas­ing in value seem to fall into two cat­e­gories. First are 1990s clas­sics – the Alfa Romeo 75 3.0 V6, Lan­cia Delta In­te­grale and Porsche 911 (996) all look great value. Add in the As­ton Mar­tin DB7 and Maserati 3200, and we’re surely look­ing at the next gen­er­a­tion of clas­sic sports cars that are all now rel­a­tively af­ford­able.

‘ The other cat­e­gory is “best of the best”. Col­lec­tors are spend­ing top money on the very best ex­am­ples of pretty much ev­ery­thing. Low mileage, per­fectly re­stored or ut­terly orig­i­nal cars are ex­pected to out­per­form their es­ti­mates this year.’

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